Key Developments: Energy Transfer Equity LP (ETE.N)

ETE.N on New York Stock Exchange

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6 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Energy Transfer Equity LP announces quarterly cash distribution increase
Monday, 26 Jan 2015 09:15am EST 

Energy Transfer Equity LP:Approves $0.035 increase in its quarterly cash distribution to $0.45 per ETE common unit for the fourth quarter ended Dec. 31, 2014, or $1.80 per unit on an annualized basis.Cash distribution will be paid on Feb. 19, of record on Feb. 6.  Full Article

Phillips 66 becomes joint venture partner with Energy Transfer Partners LP to build bakken crude oil pipelines
Tuesday, 28 Oct 2014 08:30am EDT 

Energy Transfer Equity LP:Energy Transfer Partners L.P. and Phillips 66 announces that they have formed two joint ventures to develop the previously announced Dakota Access Pipeline (DAPL) and Energy Transfer Crude Oil Pipeline (ETCOP) projects.Energy Transfer holds 75 pct interest in each joint venture and will operate both pipeline systems.Phillips 66 owns the remaining 25 percent interests and will fund its proportionate share of the construction costs.The DAPL and ETCOP projects are expected to begin commercial operations in the fourth quarter of 2016.  Full Article

Energy Transfer Equity announces consecutive quarterly cash distribution increase
Tuesday, 21 Oct 2014 04:15pm EDT 

Energy Transfer Equity LP:Approved a $0.035 increase in its quarterly cash distribution to $0.415 per ETE common unit for the third quarter ended Sept. 30, or $1.66 per unit on an annualized basis.Distribution will be paid on Nov. 19 to unitholders of record as of the close of business on Nov. 3.  Full Article

Energy Transfer Equity announces consecutive quarterly cash distribution increase
Thursday, 24 Jul 2014 11:58am EDT 

Energy Transfer Equity LP:Approves a $0.02125 increase in its quarterly cash distribution to $0.38 per ETE common unit for the second quarter ended June 30.Distribution will be paid on Aug. 19 to unitholders of record on Aug. 4.  Full Article

Energy Transfer Equity LP announces pricing of $700 million of 5.875 pct senior notes due 2024
Thursday, 22 May 2014 05:09pm EDT 

Energy Transfer Equity LP:Prices previously announced tack-on offering of an additional $700 mln aggregate principal amount of its 5.875 pct senior notes due 2024 (new notes) in private placement.New notes were priced at 102 pct, plus accrued interest from Dec. 02, 2013.New notes will be issued under the indenture pursuant to which ETE previously issued $450 mln aggregate principal amount of 5.875 pct Senior Notes due 2024, all of which remains outstanding.New notes and the previously issued notes will be treated as a single series under the indenture, however, until new notes have been exchanged for registered notes, the new notes will not have the same CUSIP number as and will not trade interchangeably with the previously issued notes.New notes are expected to settle on May 28, 2014.ETE intends to use net proceeds from the sale of the new notes to repay amounts outstanding under its revolving credit facility, and remaining net proceeds will be used for general partnership purposes.  Full Article

Energy Transfer Equity LP announces offering of 5.875% senior notes due 2024
Thursday, 22 May 2014 07:20am EDT 

Energy Transfer Equity LP:Intention to commence tack-on offering of additional 5.875 pct senior notes due 2024 in private placement.New notes will be issued under indenture pursuant to which ETE previously issued $450 mln aggregate principal amount of 5.875 pct Senior Notes due 2024, all of which remains outstanding.Use net proceeds to repay amounts outstanding under its revolving credit facility, and any remaining net proceeds will be used for general partnership purposes.  Full Article

Energy Transfer Equity LP increases cash distribution for first quarter of 2014
Wednesday, 23 Apr 2014 05:51pm EDT 

Energy Transfer Equity LP:Approves $0.015 increase in its quarterly distribution to $0.935 per ETP common unit ($3.74 annualized) for quarter ended March 31.Cash distribution will be paid on May 15 to unitholders of record as of close of business on May 5.  Full Article

Energy Transfer Equity LP announces increase in quarterly cash distribution
Tuesday, 28 Jan 2014 04:30pm EST 

Energy Transfer Equity LP:Board of Directors has approved a quarterly distribution increase of $0.02 per ETE common unit on a pre-split basis ($0.01 per ETE common unit on a post-split basis) for the quarter ended Dec. 31.Board Approves an increase in its quarterly distribution to $0.6925 per unit on a pre-split basis ($0.34625 on a post-split basis) on ETE common units for the quarter ended Dec. 31.Says this is the fifth consecutive quarter that ETE has raised its distribution.Says the cash distribution will be paid on Feb. 19 to unitholders of record as of the close of business on Feb. 7.  Full Article

Energy Transfer Equity LP Announces Public Offering Of $400 Million of Senior Notes
Thursday, 14 Nov 2013 10:08am EST 

Energy Transfer Equity, L.P. announced its intention, subject to market conditions, to offer $400 million of senior notes due January 2024 in a public offering. ETE intends to use the net proceeds from this offering, together with the net proceeds from its new term loan credit facility, to fund its previously announced tender offer (the "Tender Offer") to purchase for cash up to an aggregate of $400 million principal amount of its outstanding 7.500% Senior Notes due 2020 (the "2020 Notes") from registered holders of the 2020 Notes, including any related fees, expenses and accrued interest. To the extent the net proceeds from the offering of senior notes exceeds the purchase price for the amount of 2020 Notes tendered in the Tender Offer and the related fees, expenses and accrued interest, ETE intends to use the balance of the proceeds for general partnership purposes. Credit Suisse, Deutsche Bank Securities, Citigroup and Goldman, Sachs & Co. are acting as joint global coordinators and joint book-running managers for the offering. In addition, Barclays Capital, BofA Merrill Lynch, Mitsubishi UFJ Securities, Mizuho Securities, Morgan Stanley, RBC Capital Markets, RBS and UBS Investment Bank are joint book-running managers.  Full Article

Energy Transfer Equity LP Announces Cash Distribution For Third Quarter of 2013
Wednesday, 23 Oct 2013 08:00am EDT 

Energy Transfer Equity LP announced that its Board of Directors has approved an increase in its quarterly distribution to $0.6725 per unit ($2.69 annualized) on ETE common units for the quarter ended September 30, 2013. The quarterly distribution of $0.6725 represents an increase of $0.07 per common unit on an annualized basis. This is the fourth consecutive quarter that ETE has raised its distribution. The cash distribution will be paid on November 19, 2013 to unitholders of record as of the close of business on November 4, 2013.  Full Article

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